It is difficult to argue with the current macro economics of the world, dominated by massive and persistent growth in China and India. And a commodity like zinc, providing such an essential base requirement as the galvanizing of steel for construction, will continue to be in demand.
So, to me this is the dominant high level view I have for future strong growth for PEM. Sure, a multitude of other factors can come into play which can change the course. Thats part of the risk/reward ratio.
...Nice open today at $4.15 A close at or near this level will further add to the bullishness developing here.
With zinc currently at $1.59, after touching $1.63 last night, all indications are in for a continued upward trend
Its also worth mentioning that PEM is now approx. 18% up on its low of $3.52 just 9 days ago.
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
